MRPL Declares 40% Interim Dividend for FY26, Appoints Secretarial Auditor
Bengaluru: The Board of Directors of Mangalore Refinery and Petrochemicals Limited (MRPL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), met today and approved an interim dividend of 40% for the financial year 2025-26, along with the appointment of a new secretarial auditor for a five-year term.
Interim Dividend Declared
The Board has declared an interim dividend of ₹4 per equity share (40% on face value of ₹10 each) for the financial year 2025-26.
Key Dates:
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Record Date: March 11, 2026
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Payment Date: On or before April 2, 2026
Shareholders whose names appear in the register of members as on the record date will be eligible to receive the dividend payment.
Appointment of Secretarial Auditor
The Board has recommended the appointment of M/s Kumar Naresh Sinha & Associates, a firm of practicing Company Secretaries, as the Secretarial Auditor of the company for a period of five consecutive years from FY 2026-27 to FY 2030-31.
The appointment is subject to the approval of shareholders at the ensuing Annual General Meeting.
About the Appointed Auditor
Firm Name: M/s Kumar Naresh Sinha & Associates (Peer-reviewed firm)
Proprietor: Shri Naresh Kumar Sinha
COP/Registration No: 14984 / S2015UP440500
Brief Profile of Shri Naresh Kumar Sinha:
Shri Naresh Kumar Sinha brings over four decades of rich experience in the field of corporate law and secretarial practice. He is the proprietor of Kumar Naresh Sinha & Associates and has ten years of experience as a practicing Company Secretary.
Prior to entering practice, he served as Executive Director and Company Secretary of ONGC Limited, a Maharatna PSU. He has also held key positions including Company Secretary and Head of Legal at BHEL, another Maharatna PSU. His extensive career spans both public sector and private sector companies.
Currently, he serves as Secretarial Auditor for several listed and unlisted companies, including other PSUs.
Office Address:
121, Vinayak Apartments, C-58/19, Sector-62, Noida – 201307, Uttar Pradesh
Phone: 0120-4117114, +91-9868282032, +91-9810184269
Email: kumarnareshsinha@gmail.com
Website: www.csnareshsinha.com
Board Meeting Details
The Board meeting commenced at 4:00 PM and concluded at 5:40 PM on March 3, 2026.
Compliance with SEBI Regulations
The disclosures have been made in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015.
The information is also available on the company's website at www.mrpl.co.in.
About MRPL
Mangalore Refinery and Petrochemicals Limited is a Schedule 'A' Government of India Enterprise and a subsidiary of Oil and Natural Gas Corporation Limited (ONGC). The company is ISO 9001, ISO 14001, and ISO 50001 certified. MRPL is one of the leading refineries in India with a significant presence in the petrochemicals sector.